Investigates the implications of a rapidly ageing population for pension schemes

The most comprehensive treatment of intergenerational accounts

Presents new evidence on family transfers that challenges prevailing theories

This book is a collection of papers by leading scholars whose research concerns economic transfers between generations. The issues addressed have great relevance to demographic issues, particularly the determination of fertility, to economic issues, including equity and growth, and to public policy, especially social security reform. Part I focuses on intergenerational features of the macroeconomy. Advances in the construct ion of generational accounts are described and used to examine how the magnitude and direction of intergenerational
transfers influences demographic behaviour, the distribution of income and the accumulation of wealth. Studies presented in Part II consider the role of the state as a provider of economic security for the elderly. The authors draw on international experience and discuss many of the issues that must be confronted if efforts to reform public pension programs are to be successful. Part III considers the intergenerational behaviour of the family. The authors examine competing theories in both industrialized and developing country settings to consider how demographic change, the development of financial institutions, public policy and other economic forces influence the amount, form and
timing of intergenerational transfers.

Readership: Graduate students, faculty, researchers who are economists, demographers, and other social scientists working at universities, research institutions and for government agencies. Individuals who are interested in pension reform and other economics of ageing issues.

Edited by Andrew Mason, President and Chair, Department of Economics, University of Hawaii; and Senior Fellow, Population Program, East-West Center, and Georges Tapinos, Professor of Economics and Demography, Institut d'Études Politiques (IEP), Paris

"All of the essays in this book are informative, they hang together well, and the editors' introduction provides a valuable synthesis" - Population and Development Review, Vol.27, No.4

1: Andrew Mason and George Tapinos: IntroductionPart I: Intergenerational Accounting
2: Ronald D. Lee: Intergenerational Transfers and the Economic Life Cycle: A Cross-cultural Perspective
3: Andrew Mason and Tim Miller: Dynasties, Intergenerational Transfers, and Life-cycle Income: A Case Study of Taiwan
4: Jagadeesh Gokhale: Demographic Change, Generational Accounts, and National Saving in the United StatesPart II: Government-funded Pension Programmes
5: Jorge Bravo: On the Rate of Return of Unfunded Pension Systems
6: Rafael P. Rofman: Moving Social Security towards Fully Funded Schemes: Who Pays the Cost?
7: Salvador Valdés-Prieto: The Political Economy of Two Chilean Pension Systems
8: Didier Blanchet and Jean-Alain Montford: Pensions and Generational Histories in a Simple Demo-economic Model: The Case of France
9: Shripad Tuljapurkar and Ronald D. Lee: Demographic Uncertainty and the OASDI Trust Funds of the United StatesPart III: The Family and Intergenerational Transfers
10: Andrew D. Foster and Mark R. Rosenzweig: Financial Intermediation, Transfers, and Commitment: Do Banks Crowd Out Private Insurance Arrangements in Low-Income Rural Areas
11: Alessandro Cigno: Self-enforcing Family Constitutions: Implications for Saving, Fertility, and Social Security
12: Sumon Kumar Bhaumik and Jeffrey B. Nugent: Wealth Accumulation, Fertility, and Transfers to Elderly Household Heads in Peru
13: Yean-Ju Lee: Support between Rural Parents and Migrant Children in a Rapidly Industrializing Society: South Korea
14: Joseph G. Altonji, Fumio Hayashi, and Laurence Kotlikoff: The Effects of Income and Wealth on Time and Money Transfers between Parents and Children
15: Anne Laferrère: Housing Inheritance: An Empirical Analysis of French Data

The specification in this catalogue, including without limitation price, format, extent, number of illustrations, and month of publication, was as accurate as possible at the time the catalogue was compiled. Occasionally, due to the nature of some contractual restrictions, we are unable to ship a specific product to a particular territory. Jacket images are provisional and liable to change before publication.